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Showing posts with the label Thought of the Day

Happy Labor Day !

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I always put greater faith in “I am a Nigerian widow with 10 million dollars to give you” emails than in corporate presentation or welfare scheme of government. Its funny to talk to very successful youths championing mythical 'free markets' who inside the bubble tend to assume, instinctively, that what is good for them is good for India. But, a conversation with government employee becomes mental assault who has 'natural' tendency to micromanage, curb, control, and even stifle any entrepreneurial activity leading to loss of their power. I am wandering between these two worlds currently. A World Bank consultant ( Shouvik Mitra ) once informally remarked that “Subsidies are like toothpaste coming out of the tube, once it is out, it is virtually impossible to put it back” . Hence, any decision on subsidy must emerge from public policy rather than political appeasement. Lately, I found so many voices among these mentioned group opposing Food Security Bill but having a d...